Category: Latest News

Apple Inc. (NASDAQ:AAPL) unveiled its new iPhone 17 series as expected, but attention quickly focused on the debut of the slimmer iPhone Air, drawing strong reactions across Wall Street. Overall, analysts praised the refreshed design and upgraded hardware, though opinions varied on whether the new lineup could trigger a major upgrade wave. Evercore ISI suggested…

Nebius Group N.V. (NASDAQ:NBIS) saw its stock decline 4% in early trading Wednesday after the AI infrastructure company unveiled plans for a combined $3 billion financing initiative, including a $2 billion convertible notes offering and a $1 billion sale of Class A ordinary shares. The Amsterdam-based firm plans to issue the convertible notes in two…

KindlyMD (NASDAQ:NAKA) saw its stock fall 30% in premarket trading on Wednesday after the health care company revealed a major Bitcoin-related investment initiative. The company’s subsidiary, Nakamoto Holdings Inc., agreed to invest up to $30 million in Metaplanet Inc., a Japanese firm specializing in Bitcoin treasury management. By contrast, Metaplanet shares jumped 16% earlier on…

Portillo’s Inc. (NASDAQ:PTLO) saw its stock drop 4% in premarket trading after the fast-casual restaurant chain revised down its fiscal 2025 guidance, citing ongoing pressures in the industry. The company now projects same-store sales will decline between 1% and 1.5% for the year, a significant reduction from its prior forecast of 1% to 3% growth.…

Shares of Robin Energy Ltd. (NASDAQ:RBNE) surged 100% after the company confirmed it had finalized its initial $5 million Bitcoin allocation through Anchorage Digital Bank N.A. This move follows an announcement on August 5 and forms part of Robin Energy’s recently adopted treasury strategy. The global ship-owning and energy transportation company indicated it will continue…

Shares of Oracle (NYSE:ORCL) jumped 39% in early trading on Wednesday after the tech giant released an ambitious cloud revenue forecast, overshadowing first-quarter fiscal results that slightly missed analyst expectations. The surge pushed Oracle’s market capitalization to around $915.65 billion, edging it closer to the trillion-dollar valuations of peers like Microsoft and Apple. Year-to-date, the…

A new report from the Labor Department on Wednesday revealed that U.S. producer prices fell slightly in August, contrary to economists’ expectations. The decline was largely driven by a notable drop in trade service costs. The department reported that the producer price index (PPI) for final demand decreased 0.1% in August, following a revised gain…

U.S. stock futures pointed higher Wednesday, suggesting the major indexes could continue the upward momentum seen in the previous session. The gains followed the release of Labor Department data showing a modest decline in producer prices for August, surprising economists who had expected a slight increase. The producer price index for final demand edged down…

Shares of Greenwich LifeSciences (NASDAQ:GLSI) jumped 26% in premarket trading on Wednesday following news that the company’s breast cancer therapy received an important regulatory milestone. The biotech firm said its GLSI-100 treatment earned “fast track” designation from the U.S. Food and Drug Administration (FDA). “This designation is designed to accelerate the development and review process…

PMV Pharmaceuticals (NASDAQ:PMVP) stock surged 16% after the company released encouraging interim results from its Phase 2 PYNNACLE trial, evaluating rezatapopt in patients with various solid tumors carrying the TP53 Y220C mutation. The precision oncology study showed a 33% overall response rate among 97 evaluable patients across eight tumor types, with a median response duration…